UPM complements its Audit Committee composition

UPM-Kymmene Corporation        Stock Exchange Release (Other information disclosed according to the rules of the Exchange)            27 April 2021 at 09:15 EET

UPM complements its Audit Committee composition

The Board of Directors of UPM-Kymmene Corporation has today decided to complement its Audit Committee composition by appointing Emma FitzGerald as the fourth member of the committee. The appointment is made following the stepping-down of Ms FitzGerald from her CEO role in Puma Energy Ltd., which allows her availability to Audit Committee work. Ms FitzGerald is also a member of UPM Board’s Remuneration Committee.

The composition of the Audit Committee after Ms FitzGerald’s appointment is as follows:

• Kim Wahl, chair to the Audit Committee
• Emma FitzGerald, member of the Audit Committee and Remuneration Committee
• Jari Gustafsson, member of the Audit Committee
• Marjan Oudeman, member of the Audit Committee.

As assessed by the Board, all committee members are independent of both the Company and its significant shareholders, so the Audit Committee fulfils its respective independence criteria as set out in the Finnish Corporate Governance Code.

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,000 people worldwide and our annual sales are approximately EUR 8.6 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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